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Goldman loses $428 million in third quarter

(Reuters) - Goldman Sachs Group Inc lost $428 million during the third quarter, only its second quarterly loss as a public company, hurt by sharp declines in the value of investment securities and customer trading assets. The largest U.S. investment bank lost 84 cents per share, compared with earnings of $2.98 per share a year earlier. Analysts had been…

Yahoo readies finances for potential buyers: sources

(Reuters) – Yahoo Inc’s long-time advisers Goldman Sachs Group Inc and Allen & Co are preparing to give potential buyers financial information, in a sign the troubled Internet giant is ready to put itself on the block, sources close to the situation said. Over the last few weeks, potential buyers…

No change: Wall Street finds loophole in financial reform

NEW YORK — US banks have found a way to continue betting their own money on some investments, despite a new law’s restrictions on proprietary trading, the Financial Times reported on Thursday, citing Wall Street executives. The “Volcker rule” provision of the Dodd-Frank financial reform limits the extent to which…

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